Analysis for March 14th, 2016
EUR USD, “Euro vs US Dollar”
After making a fast ascending movement last week, Eurodollar is consolidating. If the price breaks the H4 Super Trend and stays below it, the market may resume falling. In this case, the first target for bears will be at the 2/8 level.
At the H1 chart, the pair is consolidating between Super Trends. The price has rebounded from the 7/8 level several times, which means that Eurodollar may start falling. The closest target for bears is at the 5/8 level.
NZD USD, “New Zealand Dollar vs US Dollar”
Last Friday, New Zealand Dollar rebounded from the 7/8 level once again. If the break the H4 Super Trends and the 6/8 level during the day and stays below them, the market will start moving downwards to reach the 4/8 one.
At the H1 chart, the pair is moving in the middle. If later the price is able to stay under the 3/8 level, bears may return to the market. In this case, the pair may break its local low and reach the 0/8 level.
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